WellsTrade vs Vantage FX, Updated for 2024
Read our In-Depth WellsTrade vs Vantage FX Review - 2024 Update
Our review comparing WellsTrade and Vantage FX has been updated to reflect any changes for 2024 by knowledgeable insiders with considerable expertise in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of WellsTrade vs Vantage FX does not apply to all countries as follows:
WellsTrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Vantage FX Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare WellsTrade vs Vantage FX
Each platforms for online trading will have a few advantages and disadvantages, so any comprehensive WellsTrade and Vantage FX review cannnot be complete without adopting an objective perspective.
Compare Vantage FX and WellsTrade in order to understand just how these platforms compare with each prior to you decide to make an account. Conducting a side-by-side comparison helps to put things into perspective so that you're cognizant of the expectations.
So you are looking for an online trading platform and are choosing between WellsTrade or Vantage FX. Which one is best in 2024?
Our WellsTrade vs Vantage FX comparison contains the most recent information so you can easily compare Vantage FX against WellsTrade.
If you are a new entrant in the realm of trading and brokers, so many details will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You will get proficient at all the concepts of brokerage since you keep trading. For starters, you have to select the right broker who will be clear with you always.
In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. WellsTrade and Vantage FX are two such platforms that will take you and your investment to great heights. It's important to compare WellsTrade vs Vantage FX until you trust them with your cash.
Our WellsTrade vs Vantage FX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust WellsTrade and Vantage FX side by side.
Our full WellsTrade vs Vantage FX Review covers everything you need to know about trading with either WellsTrade or Vantage FX. A fantastic broker can multiply your first investments and give you positive profits. If you want to make profits, you must trade with a broker service that aligns with your investing goals.
There's absolutely no sure-fire way to ensure profits; therefore, you should carefully analyze your agent before you choose them. It is a common misconception that all agents are the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.
WellsTrade and Vantage FX are both brokers that have forged their way successfully to the brokerage world. In this review, we've tried to collate some of the important facets of both WellsTrade and Vantage FX. This review will help you to know whether either Vantage FX or WellsTrade is a fantastic fit for your own investments or not. We've attempted to breakdown all of the qualities and charges for your advantage.
Benefits of WellsTrade and Vantage FX Compared
WellsTrade offers a minimum deposit of $30 while Vantage FX offers a $200 minimum deposit.
Why smaller minimum deposits are good and how WellsTrade and Vantage FX compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
WellsTrade has around 254 financial instruments while Vantage FX allows you to trade around 254 available.
The more instruments you can trade on the WellsTrade and Vantage FX platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of WellsTrade or Vantage FX.
WellsTrade and Vantage FX Contact Details
Being able to contact your broker simply is vital. WellsTrade and Vantage FX have the following contact details and social medias that you can use.
Broker | WellsTrade | Vantage FX |
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Telephone Number | +61 1300 945 517 | |
support@vantagemarkets.com | ||
Address | Level 29, 31 Market Street Sydney, NSW, Australia 2000 | |
WellsTrade Twitter Account | Vantage FX Twitter Account | |
WellsTrade Facebook Page | Vantage FX Facebook Page | |
WellsTrade Instagram Account | Vantage FX Instagram Account | |
WellsTrade LinkedIn Page | Vantage FX LinkedIn Page | |
YouTube | WellsTrade YouTube Channel | Vantage FX YouTube Channel |
Find Out More |
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Vantage FX and WellsTrade Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of WellsTrade and Vantage FX we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
WellsTrade vs Vantage FX - Awards
Broker | WellsTrade | Vantage FX |
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Awards | At the time of writing this WellsTrade review, and despite WellsTrade’s impressive offering, the company has surprisingly not garnered any awards to date. |
Vantage FX have won a lot of industry awards over the time they have been operating as an online broker. We list the most recognised awards for Vantage FX below.
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Find Out More |
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WellsTrade vs Vantage FX - Frequently Asked Questions
WellsTrade vs Vantage FX - Headquarters And Year Of Founding
WellsTrade was founded in 2008 and has its headquaters in United States.
Vantage FX was founded in 2008 and has its headquaters in Australia.
What is the minimum deposit for Vantage FX or WellsTrade
The minimum deposit for WellsTrade is $30.
The minimum deposit for Vantage FX is $200.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both WellsTrade and Vantage FX are a good option.
WellsTrade vs Vantage FX - Regulation And Licencing In More Detail
WellsTrade is regulated by Unregulated.
Vantage FX is regulated by Cayman Islands Monetary Authority (CIMA), Securities Investment Business Law (SIBL) number 1383491, VFSC under Section 4 of the Financial Dealers Licensing Act [CAP 70] (Reg. No. 700271), Australian Securities and Investments Commission (ASIC), AFSL no. 428901.
WellsTrade is unregulated but Vantage FX has a strong set of rules for ensuring fair trading on its individual platforms. For information encryption functions, they provide industry-standard secure socket layer (SSL).
In accordance with their own privacy policy, client data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare WellsTrade vs Vantage FX Commission And Fees
WellsTrade and Vantage FX are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online trading platforms are scaled much better. In other words, an online broker isn't necessarily affected by the amount of customers they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily three different types of penalties for this objective.
The first sort of fees to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In such instances, you are paying a spread, financing speed, or even a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight prices are those that are charged when you hold a leveraged position for more than daily.
Aside from trading charges, online agents also charge non-trading fees. These are dependent on the activities you undertake on your account. They are billed for surgeries like depositing cash, not investing for lengthy periods, or withdrawals.
In general, neither WellsTrade or Vantage FX charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller sum. This is beneficial for people who regularly trade, such as weekly or daily trading.
But, non-trading fees charged by WellsTrade and Vantage FX are comparatively higher. Consequently, you are billed more for non-trading actions on your trading accounts, like withdrawal and deposits. These are not about the sale and purchase of resources.
This WellsTrade vs Vantage FX review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For WellsTrade And Vantage FX
What Languages Do WellsTrade And Vantage FX Support?
Being able to talk easily with your online platform is a key element when comparing online brokers to find the best trading partner. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key part of success when trading online.
Here you can find the languages that both WellsTrade and Vantage FX support.
How Many Clients Do WellsTrade and Vantage FX Have?
Both WellsTrade and Vantage FX are well established with their customer base. It is really important to work with an online broker that is reputable and one of the easiest ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many customers WellsTrade and Vantage FX are active on their platform
What Payment Methods Do WellsTrade and Vantage FX Accept?
WellsTrade and Vantage FX both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at WellsTrade and Vantage FX
What Can You Trade With WellsTrade and Vantage FX?
WellsTrade offers 254 trading instruments whilst Vantage FX offers 247.
Below you will find a full breakdown of what both WellsTrade and Vantage FX offer.
WellsTrade Review
WellsTrade vs Vantage FX:
Table Of Contents
- Compare WellsTrade vs Vantage FX
- Benefits of WellsTrade and Vantage FX Compared
- Vantage FX and WellsTrade Mobile App Comparison
- WellsTrade vs Vantage FX - Awards
- WellsTrade vs Vantage FX - Frequently Asked Questions
- What is the minimum deposit for Vantage FX or WellsTrade
- WellsTrade vs Vantage FX - Regulation And Licencing In More Detail
- Compare Broker Fees For WellsTrade And Vantage FX
- What Languages Do WellsTrade And Vantage FX Support?
- How Many Clients Do WellsTrade and Vantage FX Have?
- What Payment Methods Do WellsTrade and Vantage FX Accept?
- What Can You Trade With WellsTrade and Vantage FX?